Gold prices have crossed the ₹1.11L mark in India
Gold prices in India have surpassed the 1.11 lakh per 10g mark, influenced by global trends and anticipation of key US inflation data, while international spot gold also reached record levels.
Category: economy
Long-Term Interest Rates in Japan Rise to 17-Year High
Long-term interest rates in Japan, which influence fixed mortgage rates, rose to their highest level in 17 years as the yield on 10-year government bonds briefly reached 1. 665 percent in trading on September 22nd, the highest since 2008.
UAE aims to have 2M start-ups by 2031
The UAE aims to become a global start-up hub with plans to increase the number of startups to over 2 million by 2031, including 10 unicorns, to boost entrepreneurship and economic growth.
Foreign investors extend net buying streak on Bursa Malaysia with RM492.1m
KUALA LUMPUR: Foreign investors maintained their net buying position on Bursa Malaysia for the second consecutive week with a total inflow of RM492. 1 million. MBSB Investment Bank Bhd reported that this positive trend occurred despite a shortened trading week due to the Malaysia Day holiday. Foreign investors were net buyers on two out of three trading days, with Wednesday recording the highest net buying at RM348. 69 million. Friday saw a net inflow of RM205. 30 million while Tuesday experienced the only outflow of RM61. 9 million. The transportation and logistics sector attracted the highest foreign inflows at RM131. 8 million last week. Industrial products and services followed with RM126. 9 million in net foreign inflows while the technology sector received RM117. 1 million. Financial services recorded the largest net foreign outflow at RM154. 7 million with healthcare seeing RM38. 1 million in outflows. Local institutions remained net sellers with outflows totaling RM337. 6 million while local retailers recorded outflows of RM159. 5 million. Average daily trading volume increased significantly across all investor groups last week. Foreign investors posted the sharpest increase at 88. 3% while retail investors and local institutions recorded expansions of 21. 2% and 19. 0% respectively. Bernama.
Can’t Bet On Gold To Continue To Rise At The Same Pace
However, in 2025, due to the tariff issue, there has been a substantial rise from $2709/ounce in January to $3532/ounce in the first week of September, which is an increase of 30%.
FPIs pull ₹7,945cr from Indian equities, net outflows ₹1.4L crore
Foreign Portfolio Investors (FPIs) have withdrawn 7, 945 crore from Indian equities so far this month.
GST effect! TV prices drop up to ₹85,000
TV manufacturers are cutting prices by up to ₹85,000 following a reduction in GST from 28% to 18% on sets over 32 inches, aiming to boost consumption.
PM Modi to lay foundation stones of projects in Itanagar
Prime Minister Narendra Modi will lay the foundation stones for over ₹5,100 crore in development projects in Itanagar on September 22, including major hydropower initiatives and a convention center in Tawang.
GDP shock: Manufacturing boss warns of businesses in ‘critical freefall’
Many business owners face tough decisions amid economic struggles, with some resorting to personal funds and loans to survive, while recent job gains raise cautious optimism.